KMI 30 Index is a stock market index on the Pakistan Stock Exchange in Pakistan of thirty companies that have been screened for Islamic Shariah criteria.
It was created as a joint effort by the Karachi Stock Exchange (now known as Pakistan Stock Exchange) and Al-Meezan Investment Bank (now known as Meezan Bank Limited).
[2] The index is calculated using free float market capitalization.
At any point in time, the level of the index reflects the free float market value of selected Shariah-compliant shares in comparison with the base period.
For any stock to be "Shariah compliant" it must meet all of the following six criteria: